Published on : May 15, 2018
Albany, New York, May 15, 2018: Recently, a fresh study focusing on the global demand for water-based coatings has been broadcasted to the wide repository of Market Research Hub (MRH). The study is titled as “Waterbased Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2024” which delivers a comprehensive evaluation of the market by presenting the value (US$ Mn) and volume (Kilo Tons) forecasts for the period 2017 to 2025. Further, a deep analysis of the major players from diverse regions is also present in the report. North America, Europe, Latin America, Asia Pacific and Middle East & Africa are analyzed based on regional market dynamics and forecast by key countries.
Presently, water-based coatings are widely recognized as being water-soluble and environmentally friendly. Using the water-based coating process reduces the emission into the environment of VOCs (Volatile Organic Compounds) by 95% with respect to solvent-based coatings. Considering the various features, analysts believe that the global water-based coatings market will rise at a CAGR of 6.4% between 2017 and 2024. At this pace, the market anticipated to be worth US$80.36 bn by 2024 end.
Geographically, the research found that growth of the building & construction sector in the Asia Pacific is indirectly benefitting the water-based coatings market. Rapid industrialization and urbanization have led to massive infrastructural development that requires paints and coatings. In addition, economic development leading to rising living standard in emerging economies has led to the construction of new residential units. These factors are anticipated to trigger the demand for water-based coatings in the building & construction sector.
At first, the report begins with an overview of the market, giving a summary of the key market conditions. The overview is followed by detailed qualitative analysis, with information on the drivers, restraints, threats, and opportunities impacting the market. The market dynamics part is a valuable source of information that offers readers in-depth, fact-based commentary on the key factors.
The later section talks about the market segmentation based on resin type, end-use, and geography. All the mentioned sections target the introduction of the segment, along with historic and current market size as well as volume analysis. In terms of resin type, acrylic, epoxy, polyurethane, formaldehyde, alkyds, and others are the segments into which the water-based coatings market is segmented.
The final section discusses the competitive landscape of the global water based coatings market. Under this section, a precise overview of the vendor ecosystem, as well as profiles of the key players functioning in the global market, is made available to the readers. The availability of tables and figures makes this analysis a resourceful data for new investors. At present, crucial companies operating in the global water-based coatings market are PPG Industries, Akzo Nobel NV, and Sherwin-Williams Company.
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